Solved: In 2014 apricot corporation had book net income of 120000, Accounting Basics

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In 2014 apricot corporation had book net income of 120000

Question - In 2014, Apricot Corporation had book net income of $120,000. Included in book net income was a $10,000 capital gain. The $120,000 net income does not include a $15,000 capital loss carry forward available from the previous year. What is Apricot Corporation's 2012 income tax liability before any tax credits?

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Accounting Basics: In 2014 apricot corporation had book net income of 120000

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Accounting Basics: In 2014 apricot corporation had book net income of 120000

Reference No:- TGS02835990

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